eBayowned PayPal has launched a new way for teenagers to shop online with PayPal and in stores with the Student Card, part of the Student Account.

The account comes with a number of capabilities for parental monitoring.Features include Permissions Parents can set permissions for individual teens to designate how the account can be used. They can also require that their approval is required when a teen receives money in the account. Mobile Features Parents can use their mobile phones to check account balances and transfer money to their teens account.